Her name means "wise" or "graceful".
Snorri Sturluson tells us that she is wise and noble. He also says that from her name comes the adjective snotr that means "wise".
... out with 29.0% under the age of 18, 5.0% from 18 to 24, 29.0% from 25 to 44, 24.2% from 45 to 64, and 12.7% who are 65 years of age or older. The median age is 39 years. ...